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Silver Drops 5.5 Percent on Inflation Data

By Markets Desk · 2026-09-11 · Updated 2026-09-11 03:33 UTC
A stack of gold and silver bars on a dark surface
Illustration: Tradingbird

Silver dropped 5.5 percent and gold fell 1.8 percent on Thursday following higher-than-expected US producer inflation and an ECB rate hike, which have increased the likelihood of further Fed tightening. Despite the sharp daily losses, both precious metals remain significantly higher than their levels from a year ago.

  • New details from GN auto markets/commodities indicate the silver sell-off was accompanied by a 1.8 percent decline in gold to $4,318.60 per ounce, as strong PPI data and an ECB rate hike boosted the case for tighter global monetary policy. The report also notes that energy price surges from Middle East tensions are contributing to persistent inflationary concerns.

    Source: GN auto markets/commodities: gold prices

  • Silver prices fell sharply on Thursday due to higher US producer inflation and expectations of further Fed rate hikes.

    Source: GN auto markets/commodities: silver prices
Based on reporting by GN auto markets/commodities: silver prices and GN auto markets/commodities: gold prices, compiled by the Tradingbird desk.

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